Cboe to Launch 24-hour US Equities Trading

Cboe Global Markets has become the latest exchange to move to expand its trading hours for US equities, moving to a 24-hour model for five days a week. The decision relates to the exchange’s US equities business on its Cboe EDGX Equities Exchange (EDGX) and is currently awaiting regulatory approval from the US Securities and Exchange Commission (SEC). Cboe said the move followed “growing global customer demand” for expanded trading hours in the asset class. As part of the expansion, all listed NMS stocks will become available for trading on EDGX for 24 hours Monday through Friday. “We continue to hear from market participants globally – particularly those in Asia Pacific markets like Hong Kong, Japan, Korea, Singapore and Australia – that they want greater access to US equities trading and need trusted venues that can offer transparency, robust liquidity and efficient price discovery,” said Oliver Sung, head of North American equities at Cboe Global Markets. The Depository Trust and Clearing Corporation (DTCC) is set to clear all trades. Cboe currently supports extended trading hours for US equities on EDGX. Early order acceptance commences at 2:30am ET and trading is available from 4am ET to 8pm ET, throughout the working week.